Two former Parramatta Eels players are accused of harbouring semi-automatic weapons and possessing more than half-a-million dollars in cash after dramatic arrests in Sydney's Centennial Park yesterday.

Tide goes out on climate spending

Government spending on climate programs will drop over the next four years, new figures show.

The mid-year economic and fiscal outlook released on Tuesday reported climate spending would total $1.05 billion in 2015/16, dropping to $900 million in 2016/17 and $700 million in 2017/18.

The two key areas of spending are the emissions reduction fund and the Paris summit commitment of $1 billion over five years to help Pacific nations cut emissions and deal with the impact of climate change.